Avoid Lack of Financial Information and Financial Blind Spots
Your Balance Sheet Information Is Key to Survival Says ERM Expert
November 28, 2011 – Atlanta, GA – Steven Pomeranz CFP Pomeranz Financial Management, Inc interviewed Gary W. Patterson, ERM expert and speaker and author of “Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health.”
The discussions included a range of topics ranging from lack of financial resources, particularly cash management, balance sheet issues, the MF Global breaking bankruptcy and why it seems the world never seems to learn. Hence the phrase back to the basics continues to be appropriate.
The discussion included the following takeaways.
- Does your cash management process include a minimum of 6 months visibility on cash? Cash is Emperor now and always will at least be king.
- How long does it take to provide crucial financial statements to your staff and executives? If it takes 15 to 45 days, there may be problems lurking. Useable future not outdated historical is not what is needed to run your business/ job search etc.
- Do you have a business level one page flash report tracking the 3 to 5 key factors to run your business? – sales backlog etc.
The entire interview is available at http://www.onthemoneyradio.org/guests/uploads/762.mp3
About Steven Pomeranz
Since 1981, Steve has helped educate and counsel investors with truthful answers to help people make informed money decisions. Steve Pomeranz is considered "The Investor`s Advocate" and is host of the popular financial radio show, “On The Money”.
For more details on the program and interviewer, visit www.onthemoneyradio.org or www.slpomeranz.com
About Gary W. Patterson
Gary W. Patterson, president & CEO of FiscalDoctor®, works with leaders who want to uncover blind spots so that they can make better decisions. He has helped companies spanning supply chain, high tech, transportation, construction, and service industries. Patterson is a well-known speaker on enterprise risk management (ERM), operational risk management (ORM), strategic budgeting, risk assessments, leadership, and change management. His forthcoming 2012 book is titled Finding Your Million Dollar Blind Spots: What the CEO Needs to Know and Doesn’t: The Why and How To Tell Your CEO”.
For more information on the FiscalDoctor, visit his website at www.fiscaldoctor.com. Patterson also offers a "free" fiscal fitness test at www.fiscaldoctor.com/fiscaltest.html. He can be reached at 678-319-4739.
Or consider, the FiscalDoctor’s Fiscal Fitness Service, which includes a thorough analysis and review of financials and systems to identify risks and opportunities, and promises “you will receive 10 strategic recommendations that will provide a framework for the challenges inherent in growing your company.” Find the lack of information creating your million dollar blind spots in time to make better business decisions.
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